Binance enters the UK market
Leading cryptocurrency exchange Binance will expand its operations to the UK, offering a regulated trading platform for both institutional and retail investors.
According to reports, Binance is reviewing 65 digital assets that it plans to market at the time of its launch. Investors will be able to trade these assets directly in sterling and euro.
As a regulated exchange, the Binance trading platform will operate under the supervision of the UK Financial Conduct Authority.
The platform will allow for direct deposits and withdrawals from bank accounts using the British Faster Payments Service and the Single Euro Payments Area network. This will purportedly make the platform experience smoother for all investors.